Tag: business: Page 71

Business

Mahindra competes purchase of Navistar stake in India joint venture

It was announced this morning that with regulatory approval in India, Mahindra & Mahindra Ltd. completed its purchase of the Navistar Group’s stake in Mahindra Navistar Automotives Ltd (MNAL) and Mahindra Navistar Engines Pvt Ltd (MNEPL). Mahindra has now taken complete ownership of the operations and will continue to sell MNAL and MNEPL products. The […]

February 12, 2013

Business

Terex sells certain roadbuilding product lines in U.S. and Brazil to Fayat

Terex announced today that it is selling off its roadbuilding equipment manufacturing operations in Brazil and certain mobile roadbuilding lines in the U.S. to the Fayat Group (Bomag and Marini). Terex will divest its asphalt plants and pavers manufactured in Porto Allegre, Brazil, and assets for the asphalt paver, reclaimer stabilizer and material transfer product […]

February 11, 2013

Business

Little change in Volvo Construction Equipment net sales for 2012

Volvo Construction Equipment (Volvo CE) has released its fourth quarter and year­-end results, which report net sales for 2012 remained the same as 2011, as well as a 15-­percent share in the Chinese wheel loader and excavator segment in 2012. Volvo CE also reported 78,491 machine sales for the year, the company’s second best ever […]

February 6, 2013

Business

Home sales rise to best in 5 years

Despite falling below November’s pace, December sales of previously-owned homes were up 12.8 percent year-over-year, CNN Money reported. Full-year sales increased 9 percent over 2011 to 4.65 million, the highest they’ve been since 2007, when 5 million homes were sold before the recession. Among causes for this boost in sales are near record low mortgage […]

February 5, 2013

Business

PCA Pres: “Pendulum is swinging back” for construction industry (WOC 2013)

You don’t usually get a pair of sunglasses at a press conference. And, given the recent tough years for the construction industry, receiving a pair at Portland Cement Association’s World of Concrete press event as a way of saying “a bright future is ahead,” was a bit of a suprise. Chief Economist and new PCA […]

February 5, 2013

Business

Construction spending up 7.8 percent annually in December

Construction spending increased by 7.8 percent in the year between December 2011 and December 2012, to a three-year high of nearly $885 million, according to seasonally-adjusted data released by the United States Census Bureau. Month-to-month, the preliminary spending figure of $865.9 million was down 0.9 percent from November 2012’s revised figure of $877 million. The […]

February 1, 2013

Business

Thompson Pump names KM Specialty Pumps & Systems as representative

Thompson Pump and Manufacturing has appointed KM Specialty Pumps & Systems as a regional sales, rental and service representative for Thompson Pump products in parts of Indiana, Illinois and Kentucky. KM Specialty is headquartered in Chandler, Indiana, and supplies pumping equipment and accessories, lubricants, lubrication equipment, automated lubrication systems and custom-engineered bulk lubricant transfer systems. […]

January 31, 2013

Business

Manitou sales grow 12 percent in 2012

Despite a slow fourth quarter, Manitou saw a 12 percent growth in net sales in 2012 over the previous year. Each of the group’s three divisions saw gains in 2012. Net sales in 2012 finished at €1.26 billion ($1.7 billion U.S.), up 12 percent from the €1.13 billion ($1.5 billion U.S.) in 2011. Quarter four […]

January 31, 2013

Business

CNH sales increase 8 percent in 2012 despite dip in construction sales

CNH Global announced today that it saw sales increase 8 percent in 2012 to $19.4 billion — no thanks to construction equipment. Construction equipment sales dipped 3 percent to $3.8 billion. Picking up the slack was agricultural equipment sales which were up 10 percent to $15.7 billion. The breakdown of net equipment sales finished at […]

January 31, 2013

Business

Economist forecasts construction to add 140k jobs in 2013

Piggybacking off of news earlier this month that the construction industry added 30,000 jobs in December, a report from the Associated Press cites a forecast that projects the industry adding 140,000 jobs in 2013. Patrick Newport, an economist at IHS Global Insight, made the projection, noting what a massive improvement it would be over 2012 […]

January 29, 2013

Business

Doosan Portable Power names Pacific Power Products mobile generator dealer

Doosan Portable Power has named Pacific Power Products an authorized dealer for mobile generators. The company, headquartered in Ridgefield, Washington, will distribute Doosan Portable Power products to customers throughout Washington and Oregon from branches in Kent and Spokane, Washington, and Coburg, Redmond and Medford, Oregon. For more information, visit doosanportablepower.com or pacificdda.com.

January 28, 2013

Business

Caterpillar reports record sales, revenues, profits for 2012, despite Siwei charge

Despite continued economic uncertainty and a bad fourth quarter due to a $580 million charge taken after uncovering an accounting scheme at a Chinese unit, Caterpillar today reported all-time record sales, revenues and profit per share in 2012. Sales and revenues were up 10 percent from 2011 at $65.9 billion while profit per share was […]

January 28, 2013